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<br /> . .��: �� '. 101477 10/Q6/1997 �
<br /> IIAV� L LA23C� � L Y,�iQti .°
<br />-. `� ; �c; . • Ut�Ii�ORIUd Cov�tAl�'is. Bomov�et aa�Le�ec oaven�m snd IIgcee ss foltows: ��� j dg � �
<br /> `` '` '.� ` 1. � a?�dpal aa� IrB�st. �onower shaIl g�amgtty �Y cvtcen the s�
<br /> ., < < � «: intbeNoar. �
<br /> . A �.,` , � indeba��►Idee�bY 1�e Note�lase�as P�wid�d�cv ar a wdmen waiverby Le�der.BaaacYer sha21 p3y to `, .
<br /> ° . 8.fita�t�Ts�ae a�d Iu�a�oe. Snb�ert m apglicabk
<br /> : _ ` :- l�r an dse day�IY FaY��P����s aze papable nuder dr.�Note.�l the Note is p�in tiall,e � ,,..
<br /> . . , °..� �vm(hecein•g,uads•)plaa!to o�ivuetfth of[he y�arly tax��d ast���am an�p�d m�
<br />: ` s,-� . �evgtop�et a�.if auy)�idh maY s�ia P��Y aver tijis IIeed af TicasII.aad gmnnd�ts o�ttt�Pcogeny.if
<br /> . . . � ssuy�phasaae�uzl8t�of yea�►D�ium�llmca�¢urL�ud�.pins�twt18�of Y�Y p���+� � :
<br /> � far� imsutaa�.if a�t. all as 'm�nsblY�n�d iaid�lly aad 8+am time m ttms by I�et�the bads of
<br /> r __.�..r-:< a�aad bitls and r�ble�theteo� Boaower�aD nst fie abli�d to m�sach paymcats Of Fm�ds - '
<br /> �.:;�"'`J`�` to L�der m tl�ext�i�at Bon�o�ver�s�pa➢m�ts to ti�e holdrr ofa�or�Bt�r de�uf t�if�hoId�
<br /> .z ` - � fis�irsdmsi�l le�er.
<br /> .. If Boaawer[ra3B Fuads Yn Ien�er.dne Fands sball�e�eW in an insdta�on the d�dts ar�of wbich�se
<br /> ,.. : �.. -.- �ar ga�ateed 1s9 ss Fedesal or state a,g�.y C���if I�sder�S sach aa iasNtattan).Le�r sha11 aFFfi '
<br /> � � tt�Funds o�pay said taac�.a�•�P����t�.I.�dtt may�t cLasge for s�II�2�a,8 a�d ..
<br />� , � appiybqg the Fu�ds�,aaaly�n8 s�dd uccoaui or verifying and oo�said a�azsd b�ts,�less Lender pays �`.
<br />" , . �� Boa�er�a�tLe Fuuds uad a�plic�te taw P�its I1Qnder�ma�e sw�a cl�azge Earmwer snd Leadet ma➢agces �• :
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<br /> . . . ��` ia wr�g at dse time of exe�of this Deed of Tmst that intenest on the Fua�.s sball be p�to Boaawet.and aaless �:`� ',�
<br /> 'r.�•..�,��-.. . . <:' sash a�eemea4 is�or spp1�Cable law�such�t to!se paid,Eendes svall not 6e:eq�ceA w p�Y�� ' .
<br /> � `. � . smy ini�est a��oa tIle Ftm�s.LaaBer si�all g�ve m Boaower.withaut cbatge.aa ammal areouniin8 af�F�nds .
<br /> �� ���:'',.:
<br />- . . 'r showfig cz�s sad debits to dte F�ds su�the pu�se for vuhidi ezrS►debit m ths F�ds was mad�.'ibe Fands a:e .._
<br /> . -:"� ptedged as a�do�al se�i�Y fQS the s�a sxaue�6y tLis Deed of Ztast.
<br /> , .:�4 If�e�c of�e F�s�td by Lendet.toge�er�h�e firt�ue�mhlg i�as�llmea�of Fands gayabie pa�tv
<br /> . �:} the�e a�es af ta�.a�.�B�a���•slran escxeQ the�t�m P�y� � `�
<br /> . — ... �� ��, �p r�s a�gccaad�ems as dtey faII dee. sach eacess s1�316e. at Boaawes's apiIsn. � .. ��-
<br /> � � ..
<br /> � � � � e�gmm�iy�epa{d to Bomawer or ccedited to Boaawer on �°f��ag they�
<br /> ' ' ' : "`� h e t d B y,L e�t t�c s6aII not Ue�cteat to paY taxes. a�. ,r.' '''.
<br /> . . '.-� � Bmraw�r sbaU gay to Leadtr a,�F a�t�►m ma�aP dce d e fi d e a s:9 i n one as a�e g a y m e�a s L e a B e t m a y
<br />_ . . ,i,�.Rh�= .r,..,iwa . .
<br /> s�i�yua..,�r.
<br /> , � :. Qpon pay�t ia fnU of sII sums se�aued by dds Drxd of Tiast,Ieuder sfiall ps�y reti�d to Eo�apwer sn9 Ftu�ds
<br /> � `•. Iield by Ia�i�ander pa�17 hece�9�Pmp�y is sNd or the�tuP�Jl is athetwise aoquhed hy 1.�der+I�
<br /> - eId � aay gau,ds hetd gp `r
<br /> �., . ;�": �ali app19. �ta2�tLaa i�mmo�dianelY P�iar¢�t�e sale af t[�Pivpe�tY oz its soqaistttar�by . ;_,�
<br /> • � L�a t Q�t t m�o f a p p l i c a d o n a s a c�t a�t�su��bY t�is Deed af'hast. _
<br /> � , � �,pyp�e�am at pa�yme�ts. UnIess appl�Sable 1a�g�msE�es o�etwlse.all paymeaffi a�eceivid 1ry kadea ma�er�h e ;;�r�
<br /> `` ' . � Na�aad�s 1 anfl 2�f shail be sppiied bY I�fust iag3yment of amo�payable to I�UY� „
<br /> ' . ��2.l�+eo�t�en to inter�st gayable oa the No�.2afl�Qo dte p�iadFal of the Note.
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<br />'..,. � +�,�r M�g�and IDe�s o8�Sk��-�v�+c shaII perfarm sU of Bauawer's ob�tiou3 �,'},=;:
<br /> ` � e�r an9�e.deefl af t�mst ur otHer sec�cY a�e�t wi�a lien�htsh Las p�foitty avec tLis Dee�d a�'IYvs�, ��-;.�._-
<br />�;: ``. .:::;. �:;: de - -
<br /> � ��,,'�u�ing Ha:mwer"s oov�to nYake payme�when�.�nrmwer shall pay os c�e to be paid aII taa�.� :.�;.:
<br /> ���'� . � , avec tbis Deed of Tmst, -'s
<br /> � . a�d o�er�.8�a and impadtions as�ibumble to t6e Prope:t9 cvhich may am�►a prto�it�► . ;�.;
<br /> �. . � � aasllwse�o2�pay�os gmnad zem�.��49. °. `:
<br />- � S.H�td�sm'aaee. Hormwes sma11 Iaecp tbe�p�►eanenta nntv exisda8 or L�eafter eses�an Hs Pmpaty •..-, :
<br /> �:2:.,. ,,;,�.: . . :.:; i�ogaimst I�s iry fire,Ua�tds iuciadPd wltDia tbe�►'eatended aoveiage'.and sQSit othet�a�IIrs�.�r may :��:',`,'.;
<br /> ' �j�i,� . . , ieq"'�se a�d'm sacbt amuuats su�fa:sach pedo8s as I.ead�e�a9 sequice• -
<br /> � �. �
<br /> . , :.., . � The Iasuraace curter p�ovtdi�4s��e sbau e�e d��en by Eoaa�wer sabjea co appmval br L�r:�. --
<br /> �. .;�;<� `:����•'' '-� t1�at s�rL appmrr3l shall�t be�so�blq wIt�held. A��xe L�lides and reaewals 8ienof sball be i�a s fo� ^::
<br /> �: .:::..,;, , :. _. _
<br /> aoe�b2e to Le�der and shall inctade a smadard mortgage sL�e in�aa:of end ln a fom�a�cep�ble to� �sader �:_-�
<br /> ,,J`"`..� , aay daed uf ta�ct�o9tet —=
<br />� � -,'�;�k� � `'� sh�It�aire dte rtg�t to hold�Lmlides aad�eaewats��snbjea w�e terms of �oitga,ge. a
<br /> .�,.:,,•. .., . .� .��._
<br />:� ..:_�,<;, : s�a�y ag�Cmecut t�a Han v�irdi Lav p�a�tty over tLis]h�of 7Yast.
<br /> 9
<br /> � ' In tbe event of iass,Bomawer a1m11 L;ive Pmmgt norice to the i�s�ueace c�ter a�d I�endcr.Le�rt ma9 m�pmaf -
<br /> .� . - � � oflasa ifno�madepmmptl9 hy Baa�awer • ' ::
<br /> �.- ` � If�e pmpecty Is abaadonod by Banvwer.or�f Ba�rnwer Sails Lo tespo�to Len�r wltt�ta 3��fays fiam the date �, �;,_`
<br /> ;.;;s?}",: � mdcs is amiled by L�er to Bamawet that @ie lnsacaare_s�uier offers to septe a caaim fas�beaeSts,Lmder is , �_
<br /> �.:a`•'s';`�>'� � � amhmined tfl cu]Ioct aaA apply the ia�aac�gruoeeds at I,ender's aDdon e�ther m r�statatioa or npair of dit R�or . .
<br /> a.. .:
<br /> �`��� .��.� to tbe sams s�bY t�S Deedof Tmse.
<br /> � 6. �un and l�id�i�ae o4 8ruge�,9; L�a9� Caadamtai�sj � o s d�e r l�8�e
<br /> �: . � g�y�er s�11 ge�the pmpeetp in goo8:epair amd sbaU mt c a�m m l t�52e ar p e�m t t i m p�i�t
<br /> Qer
<br /> P m p e t t q a n d s b a l l o o m p l y v d t h d►e p m v L s i a n 4 a f a�t l e a s e i f t h 9 s D e o d o f'l Y i u t i s a n a I e a s e�n l�.U B i i s D a e d a f Y a fl s t I a '
<br /> ,�y�` ' �. . � on a uait ia a coffinmintam mr aplaaned unit develop�ent,Faaower sba11 pe�fosmsll af Bonawtr'sobligidons�ader�e :°:.,
<br /> ;��;� ` � d�ltuadon as oavea��c�eadn8 ar gm'em1a8 the candaa��m or platteed�ait deve�opment.the�p�ws aad�egWatdaas �
<br /> �".:. af�e wn�niam or Dta�ae�d tmit d�vetoyment.and ooastIttaeat da�.
<br /> �' . . 9.Fr��Lead�r's 5��.lf Boa+awer faiis to y�foim t$e cavem�IIad a�eemcata oomaiaed iu tLls .
<br /> �.: . . DeeO of�'eust,oa itaay acdon or p�nceed3ag is oommeused w�tch matedalty a�1�enGer"�s�sarb s�s. inct�n8
<br /> .;:;�- �� �� � i,euder; st l�'s ogdon. apon msice to Baim�ver. m�► m�1Ce s9cd� ��
<br /> ��•.._ __...•�. . ���•fess.aa�lake st�r13 ecdan as is�y to ptotPCt lx�'s�.if Lendet t+�ed mo�tSage
<br /> °'�,. ... " i�ee as$ca�tdan of matdtlg the toan secvreA by tbts Dee�d of Tiust.Baria�wer shall p�Y�ue premiums mqut�d to ..
<br /> mainmtn�b inmumaoe in effect ua�l sacb dme as dis zoq�for sach ins¢�se tem�n�tes in aeoordance w1� _
<br /> � � ' � . �• .' B¢nov�ee's aad Lenaer's wiiuen ag�eem�nt or sFAl�cable law. .
<br /> �T� �. : : - Qiny ama�ats d�Dars4A bS►tender Fms�ns to tLis�7.wltfl ifl�rest Q�ceo4 at�e Nu*e�te.s�all�
<br /> ffi9idoml iadeboedne�of Boaower seauod bY this II�d of Tmst.UNesq Boimwer aad leuaer egiee w atEsr te�of
<br /> �., � . ...;. �� � paymem. sIICb amoam� staU be paYable a�m�itce fmm lender m Borrower raqiusda8 Paymem� No8liag
<br />��, .� cu�ia�is pamg�aph 7 sball�aiae l�der m i�mau stnyr eaFeas�or take aay asdon haeunder.
<br /> � . . � �. rs��an. Len,der may make ai�nse m be made reasomaels ea�es u�an aad�tons of th��opetty.
<br /> .. � pmvMed tl�at Ie�r sha11 giv+e Bn7cav�s aat�prim to azry surL ins�Cdon spxifytag re�sanabie ca�e thetefor related to
<br /> . . . ..
<br /> `'�'- I�'' 9 i�S�+t t1tC P[ogeRy►•
<br />��':::,~'• . . Ne.Dansss tbe76f 7N7 Osigiael dlteiCOSet291 Cogy(Ptstsaoh) Cogy��at�as) ?a�1 af! ,
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